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بررسی تأثیر مخارج مصرفی و سرمایه ای دولت بر سرمایه گذاری بخش خصوصی در ایران
[Effects of Government Consumption and Investment Expenditures on Private Investment in Iran: 1971-2005]

Author

Listed:
  • Ebghaei, Felor

Abstract

This study aims to investigate the effects of government expenditures on private investment in Iran over the period 1971 - 2005. The government expenditures are disaggregated into consumption and investment expenditures.The empirical studies of the issue are carried out via Johansen cointegration analyses. The evidence suggests that the government investment expenditures complement and stimulate private investment, while the government consumption expenditures have been crowding out private investment.

Suggested Citation

  • Ebghaei, Felor, 2008. "بررسی تأثیر مخارج مصرفی و سرمایه ای دولت بر سرمایه گذاری بخش خصوصی در ایران [Effects of Government Consumption and Investment Expenditures on Private Investment in Iran: 1971-2005]," MPRA Paper 77900, University Library of Munich, Germany, revised Mar 2017.
    • Handle: RePEc:pra:mprapa:77900
    as

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    File URL: https://mpra.ub.uni-muenchen.de/77900/1/MPRA_paper_77900.pdf
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    References listed on IDEAS

    as
    1. Barro, Robert J, 1981. "Output Effects of Government Purchases," Journal of Political Economy, University of Chicago Press, vol. 89(6), pages 1086-1121, December.
    2. Lubomír Lízal & Jan Svejnar, 2002. "Investment, Credit Rationing, And The Soft Budget Constraint: Evidence From Czech Panel Data," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 353-370, May.
    3. Buiter, Willem H., 1977. "`Crowding out' and the effectiveness of fiscal policy," Journal of Public Economics, Elsevier, vol. 7(3), pages 309-328, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Private Investment; Government Consumption Expenditure; Government Investment Expenditure; Cointegration;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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